Return on equity (ROE) at leading Mongolian banks fell last year, as the country grappled with the fallout from the Covid-19 crisis. Mongolia’s economy contracted 5.3% in 2020, according to the World Bank.
Kahn Bank of Mongolia, the country’s largest lender by assets and Tier 1 capital, saw ROE fall to 13.1% in 2020 from 16.1% in 2019. The bank posted ROE of between 15% and 18% between 2016 and 2018, according to The Banker Database.
